I am an NRI. My mother is a RESIDENT and has sold her self owned property. Out of the sale proceeds she intends to gift me some money. Further, my mother intends to send this GIFTED MONEY to my OVERSEAS ACCOUNT directly using the Liberalised Remittance Scheme.

While I understand that this transaction is a CURRENT ACCOUNT Transaction under FEMA and is allowed.

I would like to know if there is any TAX LIABILITY on me or my mother in case of this Remittance from her Indian account to my Foreign Account.

Query- I have itc of sgst more than cgst, so can i set-off output igst first with sgst and then with cgst so that i can carry forward equal closing balance of cgst and sgst for next month

Dear Sir,
I Purchased some goods from unregistered person/ Dealer & Pay RCM accordingly but I am confused that how to rase self invoice? My purchase summery is-
Dayal Singh (Unregd.)- Purch. Misc. Herbs , RCM @5%
Mr. Nadeem (Unregd.)- Loading & Unloading, RCM @18%
Cash (Unregd.)- Other Purch. Items- RCM @12%
Legal Charges, RCM @18% and many more........
Please tell me the procedure of Self Invoice System ( With Example or Specimen of Self Invoice if Possible)
Thanks & Regard

Sir,
Mr. A and Mr. B are joined owners of a House property and Housing Loan. Mr A is having taxable income and Mr B is not having any taxable income.
Q 1. Can Mr. A claim the entire amount of Housing loan interest and principal for income tax exemption ie. 2 lakhs as interest and 1.5 lakhs as principal?
Q2. Do we need to submit the copy of land tax and house tax receipt of the property to employer for these exemptions?
Please help with any supporting documents.

DEAR SIR/MADAM

FOR THE MONTH OF SEP 2017 WE HAVE TO FILE 3B RETURN INSTEAD OF GSTR 1 AND 2

REGARDS

I got a letter from ICAI stating that I made a delay in submitting form 112 ,hence pay a fine of rs 500 and a letter from my employer stating reasons for such delay.The letter was addressed to my old employer(I took transfer from that employer).How can I reply for this letter.? Will just giving fine solve the issue? Please help

Dear Experts,
We have purchased the goods however the invoice date is 28/9/2017 and the goods was delivered on 9/10/2017 at the buyer premises. Pls tell me in this case what will be the time of supply to determine the tax liability whether it will be considered in September or in October,

Thanks
Mukesh

RCM payment has been suspended till 31.08.2017 as per notification. But do we have to pay July, August & September RCM or it is also suspended?

While making payment of GST output liability for Jul-17 there was an error. By mistake SGST was selected instead of IGST and the the challan was processed.

So is any rectification possible while filing the GSTR-1

Dear Sir,
I Purchased some goods from unregistered person/ Dealer & Pay RCM accordingly but I am confused that how to rase self invoice? My purchase summery is-
Dayal Singh (Unregd.)- Purch. Misc. Herbs , RCM @5%
Mr. Nadeem (Unregd.)- Loading & Unloading, RCM @18%
Cash (Unregd.)- Other Purch. Items- RCM @12%
Legal Charges, RCM @18% and many more........
Please tell me the procedure of Self Invoice System ( With Example or Specimen of Self Invoice if Possible)
Thanks & Regard